Dogecoin (DOGE) is 3.6× the size of Gram (prev. Toncoin) (GRAM) by market capitalisation. Their daily returns move closely together (correlation 0.66 across 79 shared trading days). DOGE has been the more volatile of the two, at 73% annualised against GRAM's 50%.
| Period | DOGE | GRAM | Ahead |
|---|---|---|---|
| 7 days | +3.76% | +0.95% | DOGE |
| 30 days | +16.56% | +0.66% | DOGE |
| 90 days | +4.50% | -17.51% | DOGE |
| 1 year | -68.60% | — | — |
| Metric | DOGE | GRAM |
|---|---|---|
| Max drawdown (400d) | -76.1% | -26.0% |
| Risk-adjusted return (90d) | 0.08 | -0.35 |
| Best 30 days (past year) | +34.3% | — |
| Worst 30 days (past year) | -41.2% | — |
Relative strength over 90 days: DOGE outperformed GRAM by 42.9% — measured on the DOGE/GRAM ratio, so it holds regardless of market direction.
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.